imf

IMF---INDIA BECAME MEMBER IN 1947



IMF LEND US 216.6 MILLION TO SRI LANKA IN FEB 2011

3.6 % GROWTH FORECAST BY IMF  ABT 2013 GLOBAL GROWTH


International Monetary Fund agrees to pay Greece’s 2nd bailout
The, IMF has settled to pay 28 billion Euros or $ 36.7 billion towards Greece’s 2ndbailout of 130 billion Euros after the
private debt swap. The body’s approval –
which was expected – is the concluding step in completing the long-anticipated rescue fund for the Euro
zone’s worst-hit nation. The bailout is proposed to assist keep Greece funded until 2014.





IMF lowers India’s growth forecast to 6.9% for 2012
The IMF (International Monetary Fund) lowered India’s growth forecast to 6.9% for this year. The lowered growth
outlook in 2012 owes much to a slowdown of investment which partly reflects structural factors IMF called for
renewed efforts to revive the flagging structural reform agenda. It also pointed out that domestic factors too have
played a role in India’s growth slowdown over the second half of 2011. However, the IMF has retained India’s growth
estimate at 7.3% for 2013. As per the IMF, the national economy grew by 7.1% last year.
Current Affairs Published on www.gktoday.in from January 1, 2012 to
September 10, 2012
Emphasising that economic rebalancing remains a policy priority for much of Asia, the IMF said the best way for the
region to protect itself against external shocks is by strengthening domestic sources of growth.








IMF pegs India’s growth in 2012 at 6.9%
The IMF (International Monetary Fund) has pegged growth in India’s GDP for 2012 at 6.9%, scaling down the forecast
by 0.1% points, compared to its projection in January 2012.
It attributed the moderating growth outlook to policy dubiety, supply constrictions, high interest rates and low
external demand. Step-up of the euro zone crisis and tensions in West Asia were listed as external risk factors to the
growth outlook in the IMF’s World Economic Outlook 2012 report. For 2013, it forecast is that India would grow at
7.3%, thus hinting a recovery. It, nevertheless, cautioned the room for further monetary easing was constrained in
India, as underlying inflation pressures persisted, adding there was less fiscal room now, equated to 2007.











IMF lauds India’s efforts in managing economy
The IMF’s Managing Director Christine lauded India’s efforts in managing economy well with good
measures amid persisting global uncertainties. She held that the decision of government to cap
subsidies at two per cent of GDP and a determination to improve the tax code are good measures.